Cryptocurrency Q&A
Which ETFs are based on Bitcoin?
Which ETFs are based on Bitcoin?
BitcoinBaron
Tue Jul 16 2024
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7 answers
1711
Could you elaborate on the ETFs that are currently based on Bitcoin? I'm particularly interested in understanding which financial institutions have launched such products and what are the key factors investors should consider before investing in Bitcoin-based ETFs. Are there any specific risks associated with these investments? Additionally, how do these ETFs compare to directly investing in Bitcoin itself? I'd appreciate a concise yet comprehensive overview of the current landscape of Bitcoin-based ETFs.
7 answers
Stefano
Thu Jul 18 2024
These ETFs were traded exclusively on the Chicago Mercantile Exchange, one of the largest derivatives marketplaces globally.
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Carlo
Thu Jul 18 2024
Prior to the recent developments, the landscape of crypto-based ETFs in the United States was limited.
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Emanuele
Thu Jul 18 2024
The only approved ETFs were tied to futures contracts of Bitcoin and Ethereum.
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CryptoAce
Wed Jul 17 2024
While BITO focused on Bitcoin futures, other crypto-based ETFs were also available, offering investors access to Ethereum and other digital assets through futures contracts.
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Thunderbolt
Wed Jul 17 2024
In 2021, a significant milestone was reached with the launch of BITO, the first bitcoin-linked futures ETF in the U.S.
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